In its monthly report, the Bundesbank stated that economic growth in Germany remains weak. In the first quarter of 2019, the German economy grew by 0.4% on a quarterly basis, following stagnation in the last quarter of 2018. The growth is primarily attributable to one-off factors. The Bundesbank expects that Germany is unable to retain its growth in the second quarter.
The German Federal Statistics Agency announced that producer prices have increased by 0.5% in April 2019 compared to March 2019. Economists expected a price increase of 0.3%. On a year-on-year basis, producer prices increased by 2.5%, compared to 2.4% in the previous month.
Statistics Netherlands announced that consumer confidence remains unchanged in May 2019 at a level of -3, equal to the mean level of the past 20 years. Confidence in the economic climate was marginally higher compared to last month, while the willingness to buy remained the same.
The 6M Euribor is unchanged at -0.24% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.44% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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